The Albanese Organization, BXP and CrossHarbor Capital Partners broke ground last week on 290 Coles Street, a $400 million residential development in Jersey City.
Located in the city’s evolving SoHo West neighborhood, near the Hoboken border, the site spans a full 1.75-acre city block bounded by Coles Street, Jersey Avenue, and 16th and 17th Streets.
The development will deliver 670 apartments, complemented by 13,000 square feet of street-level retail, over 60,000 square feet of thoughtfully designed indoor and outdoor amenity spaces, and dramatic views of the Hudson River and Manhattan skyline.
“Breaking ground at 290 Coles reflects our continued belief in Jersey City as a great place to live and work, and our commitment to helping shape its future in thoughtful and lasting ways,” Chris Albanese, president of the Albanese Organization said. “This project represents more than new housing; it’s a meaningful step in further establishing SoHo West as a vibrant, integrated community. We’re proud to partner with BXP and CrossHarbor to bring this vision to life.”
“Today’s groundbreaking marks an important milestone in the development of 290 Coles Street, and we’re grateful to celebrate this occasion alongside our partners at Albanese Organization and CrossHarbor Capital,” Hilary Spann, EVP, New York Region at BXP said. “With its continued population growth, Jersey City is an attractive market for new multifamily developments. Boasting a robust amenities package, thoughtful design and a highly desirable location with close proximity to the Hoboken Terminal, 290 Coles will offer residents a premier living experience.”
“We are excited that construction on the project is underway, and value the expertise of our partners in the development of 290 Coles,” Tom Stevens, CrossHarbor partner and portfolio manager, said. “The property is in a prime location that we believe will continue to be in demand as the neighborhood is further transformed by high-quality developments.”
Designed by MHS Architecture, the development features two commanding residential towers rising 14 and 21 stories above a six-level podium that gracefully unites residences, amenity spaces, structured parking, and retail. The 21-story tower is crowned by a beautiful rooftop sky lounge and outdoor sky deck showcasing expansive views of the Manhattan skyline.
This project marks the Albanese Organization’s second major residential development in Jersey City, following the successful delivery and lease-up of The Hendrix in the nearby Powerhouse Arts District, which is a 46-story tower at 180 Morgan Street that contains 482 units.
Construction of 290 Coles Street is being managed by K L Masters Construction Company, with completion expected in spring of 2028. Additional members of the design team include ICOR Consulting Engineers, DeSimone Consulting Engineering and Dresdner Robin.
